Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software-service provider; Follows Sharp Software Development ruling

Dec 22, 2020
  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2020(Bang)-TP
  • Tax Payer : NTT Data Global Delivery Services Pvt Ltd (Formerly Keane India Limited)
Income tax Appellate Tribunal

ITAT: Admits Software-developer's additional ground on comparables-selection; Remits 2, includes 1 as comparables

Dec 22, 2020
  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2020(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO s treatment of OCD/CCD as Equity Share Capital; Remits interest ALP determination

Dec 22, 2020
  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2020(PUN)-TP
  • Tax Payer : Amanora Future Towers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Penalty levy u/s.271AA,271BA improper when existence of international transactions is disputed; Remits issue

Dec 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-676-ITAT-2020(Mum)-TP
  • Tax Payer : Transoceanic Financial Engineering Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats forex gain as operating; Excludes Infosys BPO, TCS e-Serve for ITES-provider

Dec 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2020(Bang)-TP
  • Tax Payer : Fidelity Business Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on brokerage commission and brand fees; Follows earlier-orders

Dec 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-674-ITAT-2020(Mum)-TP
  • Tax Payer : CLSA India Ltd
Income tax Appellate Tribunal

ITAT: Management services intangible in nature, difficult to provide concrete evidence of rendition

Dec 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-673-ITAT-2020(Mum)-TP
  • Tax Payer : Henkel Chembond Surface Technologies Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on freight receipts and expenses; Follows earlier orders

Dec 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2020(Mum)-TP
  • Tax Payer : Agility Logistics Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-analysis done without appreciating assessee's business model; Follows subsequent AY-order

Dec 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2020(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee s MA, modifies order w.r.t TP issues on AMP-adjustment, functional characterization etc

Dec 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2020(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for ITES-provider; Allows +/- 5 range benefit

Dec 17, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-668-ITAT-2020(DEL)-TP
  • Tax Payer : Genpact India Private Limited (Earlier known as Empower Research knowledge Services Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on referral & branding fees; Rejects TPO s nil-determination absent prescribed method application

Dec 16, 2020
  • In Favour of Assessee
  • Citation Number : TS-667-ITAT-2020(Mum)-TP
  • Tax Payer : CLSA India Private Limited (Formerly CLSA India Limited)
Income tax Appellate Tribunal

ITAT: Adopts RPM for trading activities without value addition; Rejects aggregated benchmarking under TNMM

Dec 15, 2020
  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2020(Bang)-TP
  • Tax Payer : Textron India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rectification u/s. 154 of AMP-adjustment already decided by ITAT bad-in-law; Allows Nikon s appeal

Dec 15, 2020
  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2020(DEL)-TP
  • Tax Payer : Nikon India Pvt Ltd
Foreign Court

FC: UK Tribunal: Blackrock’s inter-co loan on arm’s length terms, prefers OECD’s “separate entity” approach

Dec 15, 2020
  • In Favour of Assessee
  • Citation Number : TS-758-FC-2020(UK)-TP
  • Tax Payer : Blackrock Holdco LLC
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of management group cost to TPO; Follows earlier-order

Dec 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-663-ITAT-2020(DEL)-TP
  • Tax Payer : Atotech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues considering remand in earlier years and issue pending before lower authorities

Dec 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2020(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
High Court

HC: Remits AMP adjustment issue for verification of international transaction existence and ALP-determination

Dec 14, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-661-HC-2020(DEL)-TP
  • Tax Payer : YUM RESTAURANTS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Dismisses Revenue s appeal, upholds DRP s rejection of BLT in benchmarking AMP functions

Dec 11, 2020
  • In Favour of Assessee
  • Citation Number : TS-659-ITAT-2020(DEL)-TP
  • Tax Payer : Sharp Business Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Considers cost of expats providing warranty/after-sale services for PLI-computation under RPM

Dec 11, 2020
  • In Favour of Revenue
  • Citation Number : TS-658-ITAT-2020(DEL)-TP
  • Tax Payer : Toyoda Micromatic Machinery India Private Limited